Related Articles
Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
Johannesburg - The South African Reserve Bank's (Sarb's) monetary policy committee (MPC) has left the key repo rate unchanged on Tuesday at 7%, leaving the prime lending rate steady at 10.5%
The repo rate is the rate at which the central bank lends to other banks, while the prime lending rate is the benchmark rate at which banks lend to customers.
Seven out of nine leading economists polled by I-Net Bridge expected the repo rate to remain unchanged.
Economists have said inflation is not yet convincingly back on target, and that there are now tentative signs of an economic recovery.
However, an economist who did not anticipate an interest rate drop said further easing could not be ruled out completely.
- Fin24.com